Mahindra & Mahindra reports 20% rise in Q1 net profit

Mahindra & Mahindra has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a rise of 19.96% in its net profit at Rs 725.64 crore for the quarter, as compared to Rs 604.88 crore for the same quarter in the previous year. Total income of the company has increased by 39% to Rs 9427.24 crore for the quarter under review as compared to Rs 6782.12 crore for the quarter ended June 30, 2011.

M&M operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.